# Any idea about recent price spike?

**URL:** <https://forum.storj.io/t/any-idea-about-recent-price-spike/23764>\
**Category:** Uncategorized\
**Tags:** storj-token\
**Created:** [September 15, 2023, 3:48pm UTC](https://forum.storj.io/t/any-idea-about-recent-price-spike/23764 "2023-09-15T15:48:29Z")\
**Posts on this page:** 1\
**Showing post:** 26

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**Author:** ![heunland](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/heunland/32/6076_2.png) [@heunland](https://forum.storj.io/u/heunland)\
**Post date:** [November 20, 2023, 6:51pm UTC](https://forum.storj.io/t/any-idea-about-recent-price-spike/23764/26 "2023-11-20T18:51:13Z")

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STORJ is a utility token, that is correct. Its use case is to pay storage node operators for their services, and to allow customers to pay for their usage on the Storj network. So I would not call this ¨no use case¨

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